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Kaarya Facilities and Services Ltd has appointed Mr. Jitendra Rathod as Chief Financial Officer (CFO) with effect from 03rd April, 2026. The appointment was made based on the recommendation of the Nomination and Remuneration Committee and is in compliance with SEBI Listing Regulations. Mr. Rathod is an internal hire who has been with the company since June 2010, progressing through roles including Operations Manager, Senior Operations Manager, AGM – Operations, and most recently Business Head – Commercials. With over 15 years of experience across operations, commercial functions, and financial management, he brings deep understanding of the company's business model and internal processes. The Board believes his cross-functional experience will strengthen the company's financial governance and support strategic growth initiatives.
The appointment of a long-tenured internal candidate as CFO suggests continuity and stability in financial leadership. This is a routine KMP appointment that should be positive for governance but is unlikely to have immediate material impact on the stock price.